List of practice Questions

Differentiate between 'Revenue Expenditure' and 'Capital Expenditure' of government budget.

What are the different factors that affect the supply of foreign exchange?

Explain the law of diminishing marginal rate of substitution in indifference curves, with the help of diagram.

Explain the Average Revenue (AR), Marginal Revenue (MR) and Total Revenue (TR).

Describe four demerits of barter system.

What is autonomous investment and what is its role in the economy?

Write short note on 'Goods and Services Tax' in India.

Which one of the following is not a component of capital account in balance of payments?

If the National Income (Y) of a country increases by ₹ 100 crores and the National Consumption (C) increases by ₹ 80 crores, then the Marginal Propensity to Save will be equal to:

‘Higher indifference curve represents higher level of satisfaction.’ Explain.

Differentiate between Normal goods and Inferior goods.

Describe three factors that affect the supply curve of a firm.

What is the relation between G.D.P. at market price and G.V.A.?

The statement 'Other things being constant, an increase in money supply will increase the price level.' is related to:

Which one of the following is true? In a perfectly competitive market, the:

Which one of the following is true? Net investment is equal to:

Which one of the following is false? At the time of Independence (1947), one Indian rupee was equal to:

Which one of the following expresses ‘National Income Identity’ for a closed economy?

Which one of the following is true? The total variable cost is equal to:

In a mixed economy, decisions related to production and consumption are taken by:

What is capital structure? Describe any three factors determining it.

Explain the functions of Management.

Outline the various steps involved in the selection process.

Define controlling. State the different steps in the process of controlling.

Explain the term "Product Mix" and describe its components.